Section

China's plan to sell cheap EVs to the rest of the world

By Manila Times - 5 months ago

The resurrection of a car plant in Brazil's poor north-east stands as a symbol of China's global advance — and the west's retreat.

BYD, the Shenzhen-based conglomerate, has taken over an old Ford factory in Camaçari, which was abandoned by the American automaker nearly a century after Henry Ford first set up operations in Brazil.

Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.